Reinsurance News
Your search for “managing general agents”
Amwins Specialty Auto enters MGA agreement in Florida with Buckle
7th December 2021
Amwins Specialty Auto, the non-standard auto insurance arm of Amwins Group, Inc., has entered into a managing general agency (MGA) agreement with Buckle, the inclusive tech-enabled financial services entity. The arrangement sees Amwins underwrite non-standard auto insurance for Buckle in Florida, as well as Buckle's gig auto insurance for rideshare and ... Read the full article
Rokstone launches R&Q-fronted construction lead/follow program
14th October 2021
Rokstone Construction Risk Underwriters (Rokstone CRU) has today announced the launch of a $5 million Following Form Lead Excess insurance program for the US market. The Lead Excess product will sit exclusively above its Primary General Liability product and is focused on Controlled Insurance Programs for both Contractors and Owners as ... Read the full article
Occam acquires terror-focused MGA Beech Underwriting
11th October 2021
Occam Underwriting, the specialist lines focused Managing General Agency (MGA), has announced the acquisition of terrorism insurance MGA Beech Underwriting Agencies Ltd. The acquisition forms part of Occam’s strategy to diversify into additional lines of business with the continued support of Hudson Structured Capital Management Ltd., which does its re/insurance business ... Read the full article
Allstate’s Q2 net income reaches $1.6bn
5th August 2021
Allstate has announced a second quarter net income applicable to common shareholders of $1.6 billion, up from the $1.2 billion announced in the prior year quarter. This upswing was primarily driven by higher performance-based investment income results. Adjusted net income of $1.1 billion, increased $333 million compared to the prior year quarter. Allstate ... Read the full article
Porch Group completes Homeowners of America takeover
7th April 2021
Software company Porch Group has completed its previously announced acquisition of Homeowners of America (HOA), a property and casualty insurance company that specializes in residential property coverage for homeowners and investors. HOA is a managing general agent and insurance carrier hybrid and primarily operates in Texas, Arizona, North Carolina, South ... Read the full article
Hamilton appoints Jamie Secor to US Professional Liability role
29th March 2021
Hamilton Insurance Group, Ltd. has announced the appointment of Jamie Secor as Head of Professional Liability Insurance at its US MGA, Hamilton Managing General Agency Americas LLC. Secor joins from Kinsale Insurance Company, and will report to Clay Rhoades, President, Hamilton Managing General Agency Americas LLC. In this newly created role, Secor ... Read the full article
Amwins Specialty expands into Canadian market
24th March 2021
Specialty Managing General Agency, Amwins Specialty Logistics Underwriters (ASLU), has expanded into the Canadian market to serve Canada's growing logistics industry. Launched in the United States in 2018, ASLU delivers coverage solutions for freight forwarders and third-party logistics operators. As a Lloyd's coverholder, ASLU's expansion into Canada can offer retailers instant coverage ... Read the full article
US MGA ShoreOne launches to tackle inadequate flood coverage
1st February 2021
ShoreOne, a new Massachusetts-based managing general agent, has announced its launch, combining traditional homeowners insurance with full flood coverage in a single policy. Its combined policy has been described as capable of filling the coverage gap affecting 4.8 million National Flood Insurance Program (NFIP) policyholders. ShoreOne will start in South Carolina, a ... Read the full article
One80 acquires Chicago-based Brokers’ Risk
31st December 2020
One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), and insurance aggregator headquartered in Boston, has announced the acquisition of Brokers’ Risk. Brokers’ Risk is a Chicago-based managing general underwriter that specialises in developing and managing insurance and risk management programs. Founded in 1979, the Brokers’ Risk has offices ... Read the full article
ILS market remains resilient: WTW
3rd December 2020
Insurance and reinsurance broker, Willis Tower Watson (WTW), has released a new report that shows the insurance-linked securities (ILS) market remains resilient, despite the COVID-19 pandemic. The broker's Global Insurance-Linked Securities Market Survey Report states that 86% of ILS funds expect market growth of 5% or more cumulatively during the next ... Read the full article
Vault holdings acquired by HSCM Bermuda
13th November 2020
Private investment firm Cornell Capital LLC and Hudson Structured Capital Management, doing its re/insurance business as HSCM Bermuda, have announced that they have entered into an agreement to acquire Vault Holdings. Florida-based Vault first launched in October 2017 and offers insurance that combines an advanced technology platform and personalised concierge service ... Read the full article
Orchid adds Ross Bowie as Head of Personal Lines
24th June 2020
Independent managing general underwriter Orchid Underwriters Agency has named Ross Bowie as Head of Personal Lines. “We are thrilled to have Ross join Orchid to lead our personal lines business,” said Brad Emmons, President and Chief Executive Officer at Orchid Insurance. “He is a consummate professional whose career has spanned the management of ... Read the full article
B.P. Marsh investee firm XPT acquires 100% of Texas-based LP Risk
24th April 2020
B.P. Marsh & Partners Plc has announced that investee firm, XPT Group LLC, has acquired 100% of LP Risk, Inc, the Houston, Texas-based managing general agency (MGA) and surplus lines brokerage. As well as its headquarters in Houston, LP Risk has additional offices in Dallas and San Antonio (Texas). The MGA ... Read the full article
Marsh announces Brian Hanuschak as CEO of Victor
10th March 2020
Global insurance brokerage Marsh has announced the appointment of Brian Hanuschak as Chief Executive Officer (CEO) of Victor Insurance Holdings, effective immediately. In his expanded role as CEO of the world's largest managing general underwriter (MGU), Hanuschak takes oversight of the company's global operations including Victor North America, ICAT, Dovetail, and ... Read the full article
Clyde & Co in Australia adds three insurance partners
11th February 2020
Global law firm Clyde & Co has announced the addition of three new insurance partners from Norton Rose Fulbright to its Melbourne, Australia office. Nicole Wearne, Ganga Narayanan, and Mark Attard all join Clyde & Co in Australia and bring decades of accumulated experience to the firm. Clyde & Co explains that ... Read the full article